Blankmeyer Andrea 4
4 · Upstart Holdings, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Upstart (UPST) CFO Andrea Blankmeyer Receives RSU/PRSU Award
What Happened
Andrea Blankmeyer, Chief Financial Officer of Upstart Holdings, was granted a total of 317,433 equity awards on 2026-03-31: 169,427 restricted stock units (RSUs) and 148,006 derivative awards (performance-based RSUs/PRSUs). The awards were granted at $0.00 per share (no cash paid). These are awards (not purchases or sales) and represent contingent rights to receive shares subject to vesting and performance conditions.
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely).
- Awards: 169,427 RSUs (F1/F2) and 148,006 PRSUs (F3); aggregate = 317,433 units. Price per share: $0.00 (grant).
- Vesting and conditions (per footnotes):
- RSUs (F1/F2): Each RSU converts to one share subject to a multi-stage quarterly vesting schedule — 40% vest quarterly beginning May 15, 2026 over 12 months, then 30% over the next 12 months, then 20% over the next 12 months, and the final 10% over the following 12 months, contingent on continued service.
- PRSUs (F3): Performance-based RSUs that pay 0%–300% of target depending on total shareholder return (TSR) CAGR goals measured as of Feb 15, 2030; subject to vesting on Feb 20, 2030 and continued service through that date.
- Shares owned after the reported transaction: not specified in the provided filing excerpt.
- Filing code: A = Award/Grant; these are not sales or purchases. No tax-withholding or sale-for-tax noted in the provided details.
Context
Grants of RSUs and PRSUs are common executive compensation tools that align incentives with long-term performance; they do not involve immediate cash flow and are contingent on continued service and, for PRSUs, meeting performance targets. Because these are awards (not open-market purchases or sales), they signal compensation allocation rather than a direct insider view to buy or sell stock.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-31+169,427→ 169,427 total - Award
Performance-based Restricted Stock Unit
[F3]2026-03-31+148,006→ 148,006 totalExercise: $0.00→ Common Stock (148,006 underlying)
Footnotes (3)
- [F1]These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of our common stock. 40% of the RSUs shall vest quarterly in equal installments beginning on May 15, 2026, for 12 months. An additional 30% of the RSUs shall vest quarterly in equal installments for 12 months thereafter; 20% of the RSUs shall vest quarterly in equal installments for 12 months thereafter; and the remaining 10% of the RSUs shall vest quarterly in equal installments for 12 months thereafter, subject to continued service with us through each such date.
- [F2]Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- [F3]These securities are performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of Common Stock in an amount from 0% to 300% of the target number of PRSUs granted. The actual number of PRSUs earned will be based, in part, upon achievement of certain TSR CAGR targets as of February 15, 2030 and subject to vesting on February 20, 2030, subject to the Reporting Person continuing as a service provider through such date.